Tag: housing affordability

A recent Eye on Housing blog post revealed that 58% of buyers actively searching for a home to buy in the fourth quarter of 2018 have been looking unsuccessfully for at least three months. Find out why it is it taking these buyers so long to pull the trigger.

At the urging of local citizens and the housing community, the Arkansas Senate yesterday passed SB 170, legislation that would prevent cities and counties from regulating building design that would needlessly raise the cost of housing.

While NAHB supports increased infrastructure spending, First Vice Chairman Greg Ugalde, who attended the event at the U.S. Capitol, also called on policymakers to address mounting housing affordability concerns.

A modest increase in interest rates and home prices kept housing affordability at a 10-year low in the third quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI) released today.

Californians will be faced with more than just candidates for local and national office when they vote Nov. 6: They’ll also have to decide whether to repeal the state’s 23-year-old Costa-Hawkins law.That measure limits local jurisdictions’ ability to impose rent controls.

A Utah home builder and NAHB member is spearheading an effort to generate innovative solutions to the nationwide crisis in affordable housing – and offering prizes totaling $200,000 to the top entries.

Only 57.1% of new and existing homes sold between the beginning of April and end of June were affordable to families earning the U.S. median income of $71,900. Housing affordability is at its lowest reading since mid-2008.

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the NAHB/Wells Fargo Housing Opportunity Index released today. Youngstown-Warren-Boardman, Ohio-Pa., was the nation’s most affordable major housing market. There, 90.9% of all new and existing homes sold were affordable to families earning the area’s median income of $60,100.